IOTA (MIOTA) Reaches 1-Day Volume of $12.86 Million

IOTA (MIOTA) traded down 1.3% against the U.S. dollar during the one day period ending at 17:00 PM E.T. on November 24th. One IOTA coin can now be purchased for $0.21 or 0.00001295 BTC on popular cryptocurrency exchanges. In the last week, IOTA has traded 2% lower against the U.S. dollar. IOTA has a total market cap of $596.60 million and approximately $12.86 million worth of IOTA was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Pax Dollar (USDP) traded down 0.7% against the dollar and now trades at $1.00 or 0.00006032 BTC.
  • The Transfer Token (TTT) traded up 2.2% against the dollar and now trades at $0.11 or 0.00000637 BTC.
  • Creditcoin (CTC) traded down 2.1% against the dollar and now trades at $0.34 or 0.00002059 BTC.
  • Electroneum (ETN) traded 1.2% higher against the dollar and now trades at $0.0022 or 0.00000013 BTC.
  • Meter Governance (MTRG) traded 3.4% lower against the dollar and now trades at $2.07 or 0.00012488 BTC.
  • Verasity (VRA) traded down 2.1% against the dollar and now trades at $0.0029 or 0.00000018 BTC.
  • SOLVE (SOLVE) traded up 0.7% against the dollar and now trades at $0.0246 or 0.00000149 BTC.

IOTA Profile

IOTA (MIOTA) uses the hashing algorithm. Its genesis date was November 25th, 2015. IOTA’s total supply is 2,779,530,283 coins. IOTA’s official website is www.iota.org. IOTA’s official Twitter account is @iota and its Facebook page is accessible here. The Reddit community for IOTA is https://reddit.com/r/iota and the currency’s Github account can be viewed here. The official message board for IOTA is forum.iota.org.

According to CryptoCompare, “IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number:111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens.IOTA uses the International System of Units (or SI units):”

Buying and Selling IOTA

It is usually not presently possible to purchase alternative cryptocurrencies such as IOTA directly using U.S. dollars. Investors seeking to trade IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the aforementioned exchanges.

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